Entrepreneurship and Small Business Management

Chapter 2: Your Potential As An Entrepreneur

Practice Test

1
Most entrepreneurs consider ____________ as the biggest reward of owning a business.
A)prestige
B)making profits
C)being your own boss
D)personal satisfaction
2
_________ is a good reason not everyone wants to be an entrepreneur.
A)Risk
B)Technology
C)Competition
D)Reward
3
_____________ includes the buildings, equipment, tools, and other goods needed to produce a product or the money used to buy these things.
A)Assets
B)Inventory
C)Investment
D)Capital
4
A/An_______is a person whose attitudes and achievements are those one wishes to emulate.
A)celebrity
B)entrepreneur
C)role model
D)friend
5
People with more _________ are more likely to start a business.
A)money
B)education
C)contacts
D)relatives
6
Successful __________ have the same characteristics as successful entrepreneurs.
A)managers
B)athletes
C)competitors
D)CEOs
7
Entrepreneurs are doers as opposed to ___________.
A)spectators
B)adventurers
C)challengers
D)philosophers
8
Entrepreneurs must be expert organizers and ________.
A)coordinators
B)talkers
C)planners
D)socializers
9
Entrepreneurs should have a basic understanding of how ____________ works.
A)the economy
B)the world
C)business
D)institutions
10
The typical successful entrepreneur fits a certain _______.
A)characteristic
B)pattern
C)profile
D)template
11
Develop your ________ characteristics by practicing and acting as though you have the traits you want to develop.
A)positive
B)weak
C)financial
D)entrepre-neurial
12
Entrepreneurs see many benefits in joining _______________.
A)professional organizations
B)fraternal groups
C)unions
D)neighborhood watch groups
13
A/An________is a person with a record of successes.
A)coordinator
B)achiever
C)business owner
D)organizer
14
You can strengthen your entrepreneurial characteristics by reading, writing, observing, and______.
A)solving
B)worrying
C)practicing
D)socializing
15
Obtaining employment in a similar or related busines is a good way to develop __________.
A)business contacts
B)technical skills
C)new friends
D)confidence
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